Asset Managers – Page 260
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France’s new Natixis to be €534bn heavyweight
FRANCE - After two and half months of discussion, Caisse d’Epargne and Banque Populaire yesterday signed an agreement to merge their investment subsidiaries Natexis and Ixis - creating France’s second largest funds management company with assets of €534bn.
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Norwegian government fund excludes Wal-Mart
NORWAY – US retailer Wal-Mart is being excluded from the Norwegian Government Pension Fund – Global’s investment universe because of alleged serious and systemic human rights violations.
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City of Westminster axes Henderson, Aberdeen
UK – The roughly £600m (€871m) City of Westminster pension fund has axed Henderson Global Investors and Aberdeen Asset Management following a scheme restructure.
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CSAM Germany gets new chief investment officer
GERMANY - The German arm of Credit Suisse Asset Management has promoted Stefan Keitel as its new chief investment officer.
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Total scheme puts €10m into Kempen fund
NETHERLANDS – Stichting Total Pensioenfonds Nederland has put €10m into Kempen Capital Management’s new European Dividend Fund.
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Amonis cuts equities, real estate for hedge funds
BELGIUM – The €1bn Amonis pension scheme for dentists, doctors and pharmacists has reduced its exposure to equities and real estate, and ploughed roughly €34.2m into a fund of hedge funds portfolio managed by Key Asset Management.
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SEI names Benelux client service director
BENELUX – SEI Investments has named Fortis Investments’ Peter in de Rijp as its new client service director for Benelux.
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Dutch rail fund questions real estate boom
NETHERLANDS - Dutch pension funds will ditch bricks for funds, according to Peter van Gool, deputy director of real estate at Dutch pension fund SPF Beheer.
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Fidelity seeks new Swiss institutional head
SWITZERLAND – Fidelity International says it is talking to headhunters about finding a replacement for Swiss institutional investment director Raoul van der Lugt.
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IPE-QUEST: Danish fund tenders emerging equities
DENMARK – A Danish pension fund has tendered up to $100m (€77.2m) in global emerging market all-cap core equities via IPE-Quest.
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Small Dutch funds must consolidate – Robeco
NETHERLANDS – Small Dutch pension funds need to consolidate into two or three large national schemes to stay competitive in Europe, says Robeco chief executive George Moller.
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Swiss Life names Dutch asset management CIO
NETHERLANDS - Pension insurer Swiss Life has named Gerard Sirks as chief investment officer of its Dutch arm Zwitserleven, it announced.
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Mercer unveils one-stop-shop pensions service
UK - Mercer Human Resource Consulting has launched a one-stop-shop service in the UK that combines pension scheme management, administration, asset management and member communications for a fixed fee.
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SRI community ‘falling down on communications’
SWEDEN – Communication – or the lack of it – on socially responsible investing has emerged as a key issue at a conference on SRI and corporate governance this week.
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MetallRente joins enhanced analytics group
GERMANY – MetallRente, the €556m pension fund for Germany’s metalworking and engineering industries, has joined the Enhanced Analytics Initiative.
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Etera investment chief Korhonen joins Kaupthing
EUROPE – Ari Korhonen, chief investment officer at the €5.58bn Etera Mutual Pension Insurance Co. is to take over as head of Kaupthing Asset Management in Finland.
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Union Investment offers overtime accounts
GERMANY – Union Investment has become the latest German fund manager to offer so-called ‘overtime accounts’ – a vehicle that can be used by employees to finance early retirement.
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SSGA names Owen as UK institutional sales head
UK - State Street Global Advisors has named Citigroup Asset Management's Richard Owen as head of institutional sales for the UK and Ireland.
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Institutional chief quits Germany’s Ampega
GERMANY – Ampega AG, the asset management arm of German insurer Talanx, has confirmed that Harald Schnorrenberg, head of Ampega’s institutional business, is resigning as of June 30.
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Germany’s Feri and MLP intensify cooperation
GERMANY – Investment consulting and wealth management firm Feri Finance has agreed to intensify its asset management and investment product tie with independent financial advisor MLP.
